GoviEx plunges as Niger uranium project faces deadline
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) says it’s discussing with Niger’s military leaders how to avoid losing its Madaouela project licence if it fails to start the mine by July 3. The…
Financing
Lithium Americas seeks US$275M in share sale for Thacker Pass project in Nevada
Lithium Americas (TSX: LAC; NYSE: LAC) is raising US$275 million through a stock offering weeks after getting initial approval for a record government loan to advance its Thacker Pass lithium project…
Federal budget backs Indigenous mine projects with $5B while hiking capital gains tax for investors
Canada’s new federal budget contained several measures impacting the mining industry including loan guarantees for Indigenous projects, increases in the capital gains tax and credits from mines to manufacturing for…
Western Copper and Gold raises $40M for Casino project in Yukon
Western Copper and Gold (TSX: WRN; NYSE: WRN) is increasing a stock offering by 60% for its Casino copper-gold-molybdenum project in the Yukon. The bought deal increased to $40 million from…
Sibanye-Stillwater to axe 4,000 jobs in South African gold mines restructuring
Sibanye-Stillwater (JSE: SSW; NYSE: SBSW) says the planned reorganization of its four gold operations in South Africa could lay off 4,022 workers — 3,107 employees and 915 contractors. The company…
Ontario program funds Aussie lithium explorer Pioneer
The Ontario government is helping fund Australia-listed Pioneer Lithium (ASX: PLN) for its Root Lake project in the province’s northwest. The Ontario Junior Exploration Program, which pays up to half…
I-80 Gold stock drops on $100M public offering
I-80 Gold (TSX: IAU; NYSE: IAUX) shares fell by over 11% at market open Tuesday after it announced a $100-million equity financing. The units are priced at $1.65 each, comprising…
Perpetua tapped for US$1.8B loan to develop gold-antimony mine in Idaho
Perpetua Resources (TSX: PPTA; NASDAQ: PPTA) has received a letter of interest from the Export-Import Bank of the United States (EXIM) for a potential debt financing of up to US$1.8…
Omai Gold targets Wenot deposit in Guyana for quicker turnaround, CEO says
Omai Gold Mines (TSXV: OMG; US-OTC: OMGGF) says the Wenot project in Guyana could generate more cash in the first four years than its US$375 million construction cost. Annual after-tax free cash…
Proponents see northern Ontario’s Ring of Fire opposition melting like ice roads
Construction timelines remain fuzzy but proponents are still optimistic two and half years into studying roads to serve the Ring of Fire critical minerals region in northern Ontario. Three all-season…
MP Materials wins US$58.5M tax credit for Texas rare earth magnet factory to supply GM
MP Materials (NYSE: MP) is being funded US$58.5 million from the United States government to finish building the country’s first integrated rare earth magnet plant, one that will supply General…
Canada extends exploration tax credit
The federal government is extending its 15% mineral exploration tax credit for investors in flow-through shares for another year. The extension, expected to provide $65 million in support for exploration,…